For Sale
$2,195,000

2504 Washington St Waukegan, IL 60085

High-Occupancy Medical Office Building

Overview

Added:
Feb 3
Days on market:
74
This exceptional investment opportunity presents a six-story, Class B office building situated at 2504 Washington Street in Waukegan, Illinois. Boasting 46,753 square feet on a 0.7-acre lot, this multi-tenant property offers 28,796 square feet of rentable space, divided into 44 individual office suites. Constructed in 1970, the building enjoys a high occupancy rate, strategically positioned near Lake Behavioral Hospital, attracting a strong tenant base of medical professionals and a diverse range of service providers. This prime location ensures consistent demand and strong rental income potential. The building is currently available for purchase individually, or as part of a larger two-building portfolio that includes a separate property located in Lake Bluff, Illinois. Financial details are available upon request. This presents a compelling opportunity for investors seeking a stable, high-yield commercial real estate asset in a thriving market. The property's size, location, and existing tenant base make it an attractive investment for both individual and portfolio buyers. Detailed financial statements and tenant information are available to qualified buyers. Serious inquiries only.

Property Details for 2504 Washington St

Property type
Office properties
Square Feet
46,753 SF
Year Built
1970
Lot Size (sq. ft)
30,492 SF

Location Insight

City
Waukegan
County
Lake
State
Illinois
Latitude
42.35984
Longitude
-87.86515
2504 Washington St, Waukegan, Illinois

FAQs

What type of property is this?
Office property - High-Occupancy Medical Office Building
Where is the office property located?
The property is located at 2504 Washington St Waukegan, IL.
What is the asking price?
The asking price for this property is $2,195,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2504 Washington St
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